Tuesday, October 7, 2008

Sacramento Housing & Redevelopment Agency to Puchase Properties on K Street!!!

So I am watching the 10:00 evening news right now, and KCRA 3 is reporting that the Sacramento City Council and property owner Mo Mohanna agreed in a closed session tonight to sell Mohanna's properties on the 700 & 800 blocks of K Street to the Sacramento Housing & Redevelopment Agency! The agreed upon price is apparently $18.6M.

I have heard two presentations by the Downtown Sacramento Partnership regarding development plans for this area...this is very cool. I look forward to the improvements to this part of Downtown Sacramento!!!

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